NEW DELHI – SJVN Limited, a Navratna CPSU under the Ministry of Power, has initiated the selection process for a scheduled commercial bank to handle its Interim Dividend disbursement for FY 2025–26. The total payout is estimated to be approximately ₹450 crore, reflecting the company’s strong financial performance and commitment to shareholder returns.

The dividend declaration is subject to the formal approval of the SJVN Board, which is tentatively scheduled to meet on February 6, 2026.

Shareholding and Capital Structure

SJVN boasts a massive and diverse investor base of nearly 14.5 lakh shareholders. The company’s paid-up capital of ₹3,929.80 crore is distributed as follows:

Scope of Work for the Selected Bank

Given the scale of the transaction and the legal requirements under the Companies Act, 2013, the mandated bank will manage the end-to-end lifecycle of the dividend payment:

Bulk Disbursement: Execution of payments through ECS (Electronic Clearing Service) and NACH (National Automated Clearing House) to ensure direct credit to bank accounts.

Procedural Rigor

The bidding follows a single-stage, two-envelope system. Only banks meeting the net worth, capital adequacy ratio, and credit rating benchmarks specified in the Notice Inviting Quotation (NIQ) will have their financial bids opened.

• This move follows SJVN’s consistent track record of rewarding investors; in the previous fiscal year, the company paid a total dividend of ₹1.80 per share.
• Physical Warrants: Issuance of "at-par" dividend warrants for shareholders without registered bank mandates.
• Statutory Compliance: Coordination with the Registrar and Transfer Agent (RTA) for reconciliation and the eventual transfer of unclaimed funds to the Investor Education and Protection Fund (IEPF).
• Financial Benefit: SJVN will select the bank based on the highest overall financial benefit, taking into account the interest or float benefits during the payout period.

Eligibility and Bidding Timeline

SJVN has set stringent criteria, requiring participating banks to have a proven track record of handling high-volume payouts for listed companies.